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Showing posts from December, 2021

Price Competitiveness To Boost Rice Exports From India in 2023

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  The major exporters of long-grained rice to the world market are India, Myanmar, Pakistan, and Vietnam. Currently, the prices for raw long-grained rice from India are hovering around 340-350 dollars on a fob basis, which is much less than other countries, giving Indian exporters an edge in African and Southeast Asian markets. Lower costs drive exports in India over competitor countries In the last few months, Myanmar and Pakistan were dominating the market and the rice from these countries was the cheapest. However, as of today, the price of rice sourced from Myanmar has increased to 385 – 400 dollars on a fob basis. There was unrest in Myanmar after the army coup in Feb 2021 weakening the export potential of the country. The domestic prices in the country increased due to the dislocation of transportation and banking services. Thailand has changed course and moved away from long grain rice to perfumed jasmine rice, the export of which is guaranteeing good margins to the exporters of

Indian Sugar Industry – How It Works and the Way Forward

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  The second largest producer of sugar, India contributes around 20% of the global supply. There are around 5 crore farmers employed and thousands of mills all across the country manufacturing and supplying sugar to cater to our sweet tooth. This is an emerging sugar industry in the country that we are talking about here. The annual output of the Indian sugar industry is around INR 80,000 crores as of December 2021, according to the Department of Food & Public Distribution. In the 2020-21 sugar season, the production of sugar in the country was around 31 million tons. Recently in the middle of 2021, the government of India has announced a few measures to make the Indian sugar industry financially independent and globally competitive.  This has been done to make good the debilitating controls and populist policies that were being hitherto implemented which made the country swing between massive surplus and a severe shortage of sugar. The industry is looking out for ways to become se

Demand for Indian Rice in Middle Eastern Markets

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  The middle east region is a leading consumer of basmati rice which it imports from India and Pakistan. The region is responsible for as much as 37.8% of the total rice consumption. The major importing countries in the region are Saudi Arabia and the United Arab Emirates, which together accounted for 30 percent of Basmati rice exports from India in 2018. In the financial year 2020, five middle eastern countries were responsible for 70 percent of the total Basmati rice imported from India. These five countries were Iran, Saudi Arabia, Iraq, the UAE, and Kuwait.  India rice exporters  are engaging in trade with the region. Demand fueled by a rapid increase in urban population    Iran is a leading importer of  Indian rice  and also one of the most populous countries in the region. The significant increase in the urban population in Iran, Saudi Arabia, and the United Arab Emirates with a corresponding increase in disposable income is driving the demand for Indian rice in the region.  Indi

Iran: Agri-Commodity Market Overview

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  The Agri-commodity and food sector in Iran is expected to grow significantly in the years to come. Iran is one of the largest economies in the Middle East and is characterized by a growing population and a rising income of the citizens. The country plays a large part in the consumption of  agri-commodities  in the region. There is a growing demand for food products and the production capacity of the country is often found struggling to meet the same. This growing demand for food is fueled by continuous growth in population, an increase in the middle class, and also an increase in urbanization. Recently, a decades-long nuclear-related sanction against Iran was lifted after the implementation of the Joint Comprehensive Plan of Action (JCPOA) on 16 January 2016, which has put the focus back on the agri-commodity market in the nation. The GDP of the country has grown by around 4 – 5 percent since the lifting of the sanctions. This trend is also expected to continue in the years to come.

A Comprehensive Guide to Participate in Gulfood 2022 Virtually

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  Gulfood 2022   is the international leading trade fair for the food and beverages sector. Here, you can get an overview of all the flavors, techniques, and food sustainability methods that will be driving the food industry in the foreseeable future. The event will be staged from February 13 to February 17 at Dubai World Trade Centre, Dubai, United Arab Emirates. Traders and industry leaders are really enthusiastic to be a part of the trade fair and expect a dramatic increase in their ROI after that. This expectation is driven by real facts. Reasons to Participate Gulfood  is definitely good for business as here industry leaders and peers in the food & beverages sector can connect with the top buyers, leveraging the power of face-to-face meetings.  Major deals are expected to be signed at the event. Trade fair Dubai  attracts a host of sponsorships before, during and after the show with ideas and packages to cater to every budget. Exporters and importers can select from signage an

Basmati Rice Export from India to Egypt

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  Egypt is a prominent rice market in the North African region with the country’s rice supply being tabulated at 60.9 kg paddy/capita/year. The demand is higher than production which makes the region dependent on rice imports. The government in the country imports rice from China, India, Thailand, and Russia. Indian export of rice to Egypt was US$27.59 Million during 2020, according to the United Nations COMTRADE database on international trade. According to APEDA (Agricultural and Processed Food Exports Development Authority),  Basmati rice exports  to Egypt have more than doubled in 2020-21 since the fiscal year 2017-18. Indian Basmati rice: Dominating world exports Basmati rice is grown in the Himalayan foothills of the Indian sub-continent and is much in demand from food enthusiasts around the world. The extra-long slender grains acquire a soft, fluffy texture upon cooking and the taste is delicious. These features of the rice are due to the agro-climatic conditions of the specific

How to Export Spices from India to other countries?

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India is also known as the  land of spices  with the spices & condiments from the region, enjoying high credibility globally. Spices are the bark, buds, blossoms, leaves, roots, and seeds of plants that are used to enhance the flavor of cuisines or even as appetizers. They come with many beneficial properties and find application in food & beverages, pharmaceuticals, and cosmetics industries. The market for  spices of India  is a growing one, driven by increasing demand for innovative flavors, growth in the food processing industry, and the need for convenient food options. The rising consumer awareness about the negative impact of synthetic additives and the preference for immunity-boosting food products such as turmeric is also enhancing the need to  procure organic spices of India . Steps to start spices export from India According to experts, the Indian spice market grew at a CAGR of 15% during 2015-2020 and is expected to continue growing strongly in the foreseeable future

Indian Spices Industry: 5 Interesting Things You Need To Know

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  A spice is a seed, fruit, bark, root, or other plant substance used for flavoring or coloring food. Spices are different from herbs, which are the leaves, flowers, or stems of plants used for flavoring or as a garnish. In India, spices are considered as warm and “Masaley”.  The  Indian spices  industry is one of the biggest industries in the world that makes it the biggest producer and one of the largest exporters across the globe. According to the latest research, India has exported spices worth US$ 3.63 billion in 2020 through various digital e-commerce B2B platforms. Indian spices  are specialized in keeping the human body’s temperature normal and it has become a staple essential when it comes to food. Indian organic spice farming is becoming popular in the world. India has the biggest and appropriate farms for the cultivation of Spices. There are major states that are especially known for spice cultivation like Punjab and Assam are popular for “Aniseed”, Kerala and Tamil Nadu are